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Intel Gains Visteon's Ford Microelectronics Design Expertise

26 June 2000

Intel Gains Visteon's Ford Microelectronics Design Expertise

    DEARBORN, Mich. - Visteon Corporation today announced that Visteon's Ford 
Microelectronics, Inc. design team will join Intel Corporation's Wireless 
Computing and Communications Group.  In addition to hiring the design team, 
Intel has purchased certain assets associated with the development of FMI's 
integrated circuit units.  FMI, formed in 1982, designs and develops integrated 
circuits for automotive applications and has more than 50 designs in high-volume 
production.

    "Intel's decision to hire our FMI design team is a solid strategic
decision for both companies," said Roger Saillant, vice president and general
manager, Energy Transformation Systems Group at Visteon.

    "We are pleased that this talented design team has joined Intel, where it
will play a key role in developing our advanced cellular products," said Ron
Smith, Intel vice president and general manager of WCCG.

    Visteon is a leading full-service supplier that delivers consumer-driven
technology solutions to automotive manufacturers worldwide and through
multiple channels within the global automotive aftermarket.  Visteon has a
global delivery system of more than 130 technical, manufacturing, sales, and
service facilities located in 23 countries.  It has 81,000 employees working
in three business segments: Dynamics and Energy Conversion; Comfort,
Communication and Safety; and Glass.